Zheng Cotton In The Late Stage Of Fear Of Falling 20 Thousand Gateway Stability Is More Difficult (13 Days)

< p > domestic trend: 13 days less than a href= "http://sjfzxm.com/news/index_c.asp" > ZHENG cotton < /a > 1405, the contract fell sharply, opening at 19990 yuan / ton, closing at 19915 yuan / ton, compared with the previous trading day fell 80 yuan / ton, turnover has not changed significantly, the position increased 306 to 75222 hands.

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< p > external trend: < a href= "http://sjfzxm.com/news/index_c.asp" > American cotton futures < /a > fell from six month high on Wednesday, because a href= "http://sjfzxm.com/news/index_c.asp" > dollar > /a > strong and bean bean declining influence.

The May contract fell 0.35 cents to 88.85 cents / pound.

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< p > 1 and February 12th, the number of cotton reserves was 37865.2173 tons, and the actual turnover was 11785.0861 tons, with a turnover ratio of 31.12%.

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< p > 2, since 2010, the area of cotton seed in Cangzhou has been decreasing year by year.

Data show that in 2010, the total area of the city reached 2 million 500 thousand mu, in 2011, more than 220 mu, in 2012, 2 million mu, until 2013, the total area of the city was only 1 million 500 thousand mu.

The pessimism market predicts that the cotton planting area in Cangzhou will be reduced to less than 1 million mu in 2014.

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< p > spot: cotton index 3128B price is 19454 yuan / ton, up 4 yuan / ton compared with the previous day.

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< p > point of view: long profit taking, the US cotton futures prices down, domestic cotton market is weak.

Technically, the Zheng cotton 1405 contract can not effectively stand at 20 thousand yuan / tonne pass, the volume can shrink, and the latter is expected to be pferred to the adjustment.

On the operation, short selling is short.

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< p > < strong > < a > href= > http://sjfzxm.com/news/index_c.asp > > ICE > cotton > /a > pressure drop because of index fund extension contract to suppress market < /strong > /p >

< p > February 13th ICE cotton slipped from the six month high on the previous day, and the popular commodity index fund raised the contract on ICE, bringing pressure to the market.

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< p > the most active May a href= "http://sjfzxm.com/news/index_c.asp" > cotton < /a > fell 0.27 cents, or 0.3%, and closed at 88.58 cents per pound.

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< p > spot March contract lowered 0.77 cents, or 0.9%, at 87.60 cents per pound.

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< p > the volume of trading in the market is huge, as traders extend the March contract to May.

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The pressure on the P March contract increased the price difference from May to 0.98 cents from 0.48 cents a pound, the highest since December.

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Export data from the US Department of agriculture showed that the export sales of highland cotton decreased by 33% to 120300 packets compared with the previous week. Buyers from major consumer countries in China had cancelled the purchase of highland cotton. P

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According to data compiled by Intercontinental Exchange (ICE), Reuters inventory rose to 244800 packs, up to July, to 242900 in the previous year, according to Reuters data compiled by P.

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